Is Thornbury Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Thornbury Township was a Seller's Market.
Key Takeaway
Thornbury Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Thornbury Township, PA
How much do homes in Thornbury Township, PA cost?
Median Sold Price
$759,250
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Thornbury Township have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Thornbury Township was $759,250 in May 2024, up 12.5% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $662K | - | N/A |
| 3 Bedrooms | $575K | $617.5K | +7.4% |
| 4 Bedrooms | $725K | $815K | +12.4% |
| 5+ Bedrooms | $840K | $1.1M | +33.6% |
Summary: Thornbury Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 33.6%.
Median Sold Price Compared To Nearby Cities
| Thornbury Township | $675K | $759.2K | +12.5% |
| Glen Mills | $600.5K | $621.2K | +3.5% |
| Thornton | $784K | $747.5K | -4.7% |
Housing Supply in Thornbury Township, PA
How many homes are available in Thornbury Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Thornbury Township real estate market had 19 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Thornbury Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thornbury Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Thornbury Township in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Thornbury Township, PA
How long does it take to sell a home in Thornbury Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 5 Days | -91.2% |
Summary: Homes in Thornbury Township had an average of 5 days on market in May 2024, down by 91.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thornbury Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Thornbury Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
